41.480 - Imposition of liability; conditions and limitations on actions based on acts and omissions of officers or directors. - Nevada Statutes

41.480  Imposition of liability; conditions and limitations on actions based on acts and omissions of officers or directors.

      1.  A nonprofit corporation, association or organization formed under the laws of this State is not immune from liability for the injury or damage caused any person, firm or corporation as a result of the negligent or wrongful act of the nonprofit corporation, association or organization, or its agents, employees or servants acting within the scope of their agency or employment.

      2.  No action may be brought against an officer, trustee, director or other possessor of the corporate powers of a nonprofit association or trust formed under the laws of this State based on any act or omission arising from failure in his or her official capacity to exercise due care regarding the management or operation of the entity unless the act or omission involves intentional misconduct, fraud or a knowing violation of the law.

      (Added to NRS by 1957, 63; A 1987, 85; 1991, 1309)